Once the Adjusting Entries Are Posted, the Adjusted Trial Balance

question 19

Multiple Choice

Once the adjusting entries are posted, the adjusted trial balance is prepared to

• A) verify that the debits and credits are in balance
• B) verify that all of the adjustments were posted in the correct accounts
• C) verify that the net income (loss) is correct for the period
• D) verify the correct flow of accounts into the financial statements

---

Definitions:

Basic Emotion

Fundamental emotions that are universally recognized, such as happiness, sadness, fear, and anger.

Disgust

An emotional response of revulsion to something considered offensive, distasteful, or unpleasant.

Jealousy

An emotional state that arises from perceiving a threat to a valued relationship or possession, often accompanied by feelings of insecurity and fear of loss.

Cognitive Appraisal

The process of evaluating a situation or event for its significance to personal wellbeing, influencing emotional and behavioral responses.